British Airways, AMR Reject
Approval From U.S. Regulators

A Wall Street Journal Online News Roundup

Updated Jan. 25, 2002 2:18 p.m. ET

WASHINGTON -- American Airlines and British Airways on Friday said they would turn down a Transportation Department ruling that would require them to give up more than 200 flights in exchange for forming an alliance.

"We will not do this deal at this price," American Chairman Don Carty and British Airways Chief Executive Rod Eddington said in a joint statement. "We made it clear from the start that we would not conclude...